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Discussion on Standard for deriving NFT #157

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thomasnft opened this issue Jan 16, 2024 · 0 comments
Open

Discussion on Standard for deriving NFT #157

thomasnft opened this issue Jan 16, 2024 · 0 comments

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@thomasnft
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This issue is opened for discussion on a Standard for deriving NFT, enable to derive new NFT from underlying NFT. The derived NFT is time-sensitive and environment-specific; it can be transferred and utilized similarly to the underlying NFT.
Key points:

  1. NFT's owner can mint derived NFT from the underlying NFT.
  2. Derived NFT is usable within a predefined time range and specific environment only.
  3. Derived NFT is freely transferable on secondary markets.
  4. Upon the expiration of derived NFT, NFT's owner can reclaim it to mint the next derived NFT.

This issue number will be used as a KIP number.

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